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BEIJING: Alibaba Group Holding Ltd says it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese Internet history, as the e-commerce giant steps up its spending spree ahead of its US listing.
BEIJING: China's Alibaba Group Holding Ltd will acquire the shares of mobile browser firm UCWeb it does not currently hold, a UCWeb spokesman said on Wednesday, as the e-commerce company keeps racking up investments before its U.S. listing.
When Jack Ma and his colleagues sat down in 2001 to lay out Alibaba's defining values, they named them after a martial arts technique drawn from Ma's love of kung fu novels and their heroic themes.
As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counseling employees on how to deal with the roughly US$41bil (RM132.61bil) they could unlock through a New York listing.
HONG KONG: As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly US$41bil they could unlock through a New York listing.
BOSTON: Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.
REUTERS: Chinese e-commerce firm JD.com Inc has priced it US IPO above the marketing range to raise US$1.78bil, pointing to strong demand for bigger rival Alibaba Group Holding Inc upcoming mega float.